Trilogy Energy Corp Given Average Recommendation of “Buy” by Brokerages (TSE:TET)
Shares of Trilogy Energy Corp (TSE:TET) have been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the company, AR Network reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$34.89.
A number of analysts have recently weighed in on TET shares. Analysts at National Bank Financial upgraded shares of Trilogy Energy Corp from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a C$34.00 price target on the stock, up previously from C$33.00. Separately, analysts at Barclays cut their price target on shares of Trilogy Energy Corp from C$31.00 to C$30.00 in a research note on Wednesday, July 23rd. They now have an “equal weight” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Trilogy Energy Corp from C$40.00 to C$41.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock.
Shares of Trilogy Energy Corp (TSE:TET) traded down 0.81% on Thursday, hitting $28.20. The stock had a trading volume of 25,521 shares. Trilogy Energy Corp has a 1-year low of $24.66 and a 1-year high of $32.38. The stock has a 50-day moving average of $27.87 and a 200-day moving average of $28.28. The company has a market cap of $3.546 billion and a P/E ratio of 135.38.
Trilogy Energy Corp (TSE:TET) last announced its earnings results on Friday, August 1st. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.02. Analysts expect that Trilogy Energy Corp will post $0.76 EPS for the current fiscal year.
The company also recently announced a aug 14 dividend, which is scheduled for Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.035 per share. This represents a dividend yield of 1.48%. The ex-dividend date is Thursday, August 28th.
Trilogy Energy Corp. (TSE:TET) is a petroleum and natural gas-focused Canadian energy company.
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